[Domestic Letter of Credit]

　　 The commitment issued by Bohai Bank to make payment for documents presented in compliance with your application. The domestic letter of credit is an irrevocable documentary letter of credit opened in Chinese and denominated in RMB, which is only limited to transfer settlement and cannot be withdrawn in cash.

　　【 Product Features]

　　 For the Buyer:

　　 ·  Turn enterprise credit into bank credit to effectively avoid the risk of non delivery upon payment;

　　 ·  Usance L/C can obtain a certain account period, reduce capital occupation, and expand the purchasing power under the existing payment capacity;

　　 ·  It is conducive to stabilizing the relationship between the buyer and the seller and ensuring a stable source of supply.

　　 For the Seller:

　　 ·  Enterprise credit is converted into bank credit to effectively avoid the risk of non payment upon delivery;

　　 ·  Financing services such as seller's bill purchase and negotiation under the letter of credit can realize collection in advance and improve the enterprise's cash flow;

　　 ·  Usance L/C can help enterprises provide credit period for buyers, and expand production, operation and sales of enterprises.